Stamp Duty And Registration Charges In Delhi
It is compulsory for property buyers in the Capital to pay stamp duty in Delhi during property registration. This is an essential process that validates the transfer of ownership from the old owner to the new one. Furthermore, if you do not have a property registered in your name, you won’t be able to prove your ownership of the asset.
If you have recently bought a property in Delhi, here’s everything you need to know about stamp duty and registration charges in Delhi. Read on!
Rate of Stamp Duty in Delhi
Stamp duty and registration charges in Delhi depend upon the price of the property and the ready reckoner rate. A ready reckoner rate is also referred to as the circle rate, which defines the minimum value at which an owner can sell his/her property.
The following table details the stamp duty rate in Delhi:
| Individual | Rate |
| Men buyers | 6% |
| Women buyers | 4% |
| Joint buyers | 5% |
Note that stamp duty charges in Delhi can be different in different areas, for instance:
| Individual | Charges in NDMC | Charges in Delhi Cantonment |
| Men buyers | 5.5% | 3% |
| Women buyers | 3.5% | 3% |
| Joint buyers | 4.5% | 3% |
Property Registration Charges in Delhi for 2022
Apart from stamp duty, a property buyer is also required to pay a registration charge of 1% of property value. This fee is levied on property buyers irrespective of their gender.
Thus, the total cost of stamp duty and registration charges would be 7% for men. Similarly, women and joint buyers will have to pay stamp duty and registration charges in Delhi worth 5% and 6% of the property price, respectively.
Also Read: RERA Delhi: Registration Process, Documents Required And Fees
Factors Influencing Stamp Duty in Delhi
Stamp duty in Delhi depends on the following factors:
- Property location
Circle rate for properties in Delhi is decided by considering the category of area the property is located in. For example, this rate is higher in category A areas and lower in category B areas.
- Type of property
Usually, the stamp duty applicable on commercial properties is more than that of residential properties.
- Property’s age
Stamp duty depends on the value of a property. Thus, older properties will have a lower stamp duty in comparison to the newer ones.
How to Calculate Stamp Duty in Delhi
You can easily calculate stamp duty on a property in Delhi by following these steps:
Step 1: Visit Revenue and Stamps Department of Delhi’s website.
Step 2: Click on ‘Important Information regarding Registration of Property’ under the ‘E-registrar’ tab.
Step 3: Click on ‘Stamp duty calculator’, which you will find under the stamp duty section.
Step 4: You will be taken to a new page, where you need to choose a few details, including deed name, sub-registrar, subdued name, and locality.
Step 5: After that, click on ‘Submit.
Step 6: On the next page, enter a few more details, such as:
- Location category
- Gender
- Property type
- Consideration amount
- Flat type
- Sub property type
- Availability of parking
- Plinth area
- Number of floors in the building
Once you enter these details, the charges concerning stamp duty in Delhi for purchase of a property will be displayed.
How to Pay Stamp Duty in Delhi
You can pay stamp duty and plot registry charges in Delhi through the SHCIL (Stock Holding Corporation of India) website. Simply follow these steps:
- Visit SHCIL’s official website.
Click on SHCIL. Hover on “Products & Services’. Select ‘e-Stamping Services and click on ‘e-Stamping’.
- Select ‘NCT of Delhi’
You will be directed to a new page. Here, from the dropdown menu, choose ‘NCT of Delhi’.
- Choose Online Payment
Next, click on ‘Online Payment’. You will be directed to Online e-Stamping Payment System.
- Register
Before you pay the stamp duty, it is best to register as a user. Fill the form and save to proceed.
- Login
Use your username and password to login.
- Make Payment
Select the payment mode and complete the payment process.
After following these steps, you can visit the sub-registrar’s office to complete the process of property registration.
Documents Required to Pay Stamp Duty in Delhi
You need to furnish the following documents to pay property stamp duty in Delhi:
- TDS payment proof
- Sale deed
- ID proof of seller, buyer and the witness
- NOC
- Address proof of seller, buyer and the witness
- Passport-sized photographs of buyer and seller
- E-stamp paper along with the right stamp duty value
- PAN and Form 60 copy (self-attested)
- E-registration fee receipt with the affidavit or undertaking
Things to Remember before Paying Stamp Duty in Delhi
Before you proceed to pay the stamp duty and registration charges of a property in Delhi, consider remembering the following pointers:
- If you are a woman, you will have to pay less stamp duty and registration charges
- Know that the payment of stamp duty is an obligation. Any failure to make payment of the amount can attract heavy penalties, sometimes as high as 200% of the liability.
- You can complete the payment process online through e-stamps.
- It is calculated by considering the borrower’s loan eligibility only if the property’s value is less than Rs. 10 lakh.
Final Word
The Government of Delhi has removed the physical stamping process. You can easily pay your stamp duty in Delhi online. That said, keep in mind that the government makes frequent changes in the guidelines related to registry and stamp duty charges. Make sure that you stay updated with them.
Stamp Duty Charges in Your City
FAQs
Ans: No, the National Capital Region follows the particular state’s laws while framing the charges for stamp duty and registration. For instance, in Noida, you will have to pay stamp duty as per the rules of the Government of Uttar Pradesh.
Ans: Yes, under Section 80C of Income Tax Act, you can avail tax deduction for stamp duty and registration charges. However, note that the maximum deduction amount under this Section is Rs. 1,50,000.
Ans: No, the Delhi government has introduced e-stamping. Thus, there is no method to pay stamp duty and registration charges offline. Furthermore, the Government of Delhi has appointed Stock Holding Corporation of India Limited (SHCIL) as the body responsible for e-stamping.
Ans: The circle rate or ready reckoner rate is the minimum price at which a commercial or residential property can be sold. The statement or development authorities decide this price based upon various factors. Note that the circle rate can be lower than the actual market value of a property.
Ans: No, typically, home loans are provided by excluding the stamp duty and registration charges. Thus, you must factor in these charges beforehand and plan your finances accordingly. You can use a stamp duty calculator to make an informed decision.
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This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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